Dubai Investments, a UAE-based investment company, has marked its first foray into the African market by announcing a flagship mixed-use development in Angola
The 2,000 hectare Dubai Investments Park (DIP) Angola will be a unique integrated mixed-use residential, commercial and industrial hub that will prioritise sustainable development in line with the Angola Ministry of Environment and adhering to the UN’s Sustainable Development Goals. It will aim to become not just an industrial hub, but a tourism centre too – residents will have access to the 2 km stretch of sandy beach and envisioned attractions such as an 18-hole golf course.
Khalid Bin Kalban, vice chairman and CEO of Dubai Investments PJSC, remarked, “Dubai Investments Park Angola stands as a momentous milestone, representing the group's premier endeavour at such a grand scale, signifying the beginning of a journey towards global expansion. This strategic step reaffirms the group's unwavering belief in Africa's promising economic terrain, aiming to catalyse sustainable growth and progress across the continent. It underscores Dubai Investments’ steadfast dedication to utilising its expertise in crafting prosperous mixed-use developments."
Dubai Investments will develop the infrastructure and lease land to developers to create a cohesive mixed-use development. The community is expected to harmoniously blend residential, commercial and industrial zones and will feature communal parks, leisure facilities and more.
Bin Kalban continued, “DIP Angola presents a prime prospect for investors seeking diversification and business expansion within a burgeoning economy that holds immense potential for large-scale industries, providing direct pathways to extensive markets across the broader African landscape.”